San Francisco-based Cabezon Capital Manage-ment recently
began trading its first hedge fund - a global macro strategy -
with seed capital from three major investors. SAC Capital
Advisors, the Getty Trust and HFR Asset Management provided a
total of $60 million for the summer launch of Cabezon's Bretton
Woods II (BWII). The strategy has a capacity of more than $1
Cabezon was founded by Michael Dooley and Michael Cagney.
Dooley, a professor of economics at the University of